SMITH MICRO SOFTWARE, INC. (SMSI): Nasdaq/NYSE listing notice — Smith Micro receives Nasdaq deficiency notice for bid price below $1.00

SMITH MICRO SOFTWARE, INC.

Nasdaq notified Smith Micro on Dec 27, 2023 that common stock bid price was below $1.00 for 30 consecutive days.
Company has 180 calendar days, until June 24, 2024, to regain compliance with Minimum Bid Price Requirement.
If not cured, Smith Micro may qualify for an additional 180-day compliance period if it meets other listing standards.
Company intends to monitor bid price and assess options, but no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SMITH MICRO SOFTWARE, INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 27, 2023, Smith Micro Software, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market (“Nasdaq”) indicating that as result of the closing bid price of the Company’s common stock (“Common Stock”) for the last 30 consecutive business days having been below the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) the Company was not in compliance with the Minimum Bid Price Requirement (the “Minimum Bid Price Notice”). The Min

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SMITH MICRO SOFTWARE, INC. filing history →

Source: SEC EDGAR

accession 0000948708-24-000001

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